Creek Gate at Dubai Creek Harbour Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Creek Gate, account number 0015*****088801 (shown in full in the Escrow Details section above). The account is recorded on the Dubai Land Department register against project number 1813, which was registered on 29 September 2016.

Money paid into the Creek Gate escrow account was released to the developer only in step with construction progress recorded at DLD inspections, not on the calendar alone. The final reading on the DLD project register is 100 percent, recorded on 18 November 2021, the registered completion date, up from 97.49 percent at the previous inspection. That reading was 1,770 days old in September 2026, and the dated record is tracked on the Creek Gate construction updates page.

Off-plan buyers at Creek Gate had their units recorded under Oqood, the Dubai Land Department's interim register for off-plan sales, while their payments went into the escrow account. After completion, ownership is recorded on a title deed issued by the Dubai Land Department in place of the Oqood record. A completed Creek Gate apartment bought today is registered directly as a title deed transfer, with no Oqood stage.

The 4% DLD registration fee on a Creek Gate purchase is a Dubai Land Department charge calculated on the purchase price and owed to the DLD; it is not part of the price paid for the apartment. It is not a construction payment, so it is neither held in nor released from the Creek Gate escrow account. The wider registration framework is explained in the Dubai Land Department guide.

Escrow protected their capital, not their timetable. Payments stayed in the Creek Gate escrow account and were released only against recorded progress, whatever the calendar said, and RERA takes control of the escrow account if a project is cancelled. Escrow itself never compensates for delay; delay terms sit in the Sales and Purchase Agreement. In the event, the DLD register records 100 percent on 18 November 2021, the registered completion date itself.

No. A payment instruction that names the Creek Gate escrow account must show account 0015*****088801 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), exactly as recorded in Dubai REST and in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account or an unfamiliar company account, particularly one paired with a discount for paying directly, is the standard pattern of payment-diversion fraud, however official the paperwork looks. On a resale, the balance is settled at the Dubai Land Department transfer as set out in the sale agreement, never through an agent's personal account.

The Dubai REST app shows it directly. Under Services, then Project Status, a search for project number 1813 or "Creek Gate" opens the project record, and its Escrow Account panel lists the bank as Dubai Islamic Bank (Public Joint Stock Company) together with the account number. The same record shows the status Finished, 498 units, registration on 29 September 2016 and the registered completion date of 18 November 2021.

Escrow protected the money paid toward building Creek Gate. It does not guarantee resale value or rental income, it never pays compensation for delay, and it offers no protection to money sent to any account other than the registered one. It also says nothing about the condition of an individual apartment: that is a separate check, covered in the Creek Gate snagging inspection guide.

Creek Gate is listed as Finished on the DLD register, so no construction stage is left for escrow to protect. A purchase today settles at a Dubai Land Department transfer: the agreed price is paid as set out in the sale agreement, the 4% DLD registration fee is paid to the DLD, and the title deed is issued in the buyer's name. Where a unit is bought from the developer, any payment routed to the project escrow account has to match the registered account; on a resale, the seller is paid at transfer. Prices, layouts and the ready-purchase steps are set out in the Creek Gate project guide.

The independent progress monitoring report for DLD project 1813 names The Lagoons Phase One L.L.C, developer number 1038, as the registered developer of Creek Gate. The project is marketed by Emaar Properties, and The Lagoons was the earlier name of the Dubai Creek Harbour master development.

Creek Gate reached 100 percent on 18 November 2021, its registered completion date, and the independent progress monitoring report from that inspection records DCD received on 14 September 2021 and the BCC from DDA on 30 September 2021. Emaar's more recent Dubai deliveries include Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024; those dates are supplied by the advisor and have not been verified against DLD records. The developer's wider history is covered on the Emaar developer profile.